Section: Latest news

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 27 basis points to 6.4585 against the U.S. dollar on Friday, according to the China Foreign Exchange Trading System, Chinese leading financial and business information provider Xinhua Finance Agency reported.In China`s spot foreign exchange market, the yuan is...

The World Bank has estimated that Ukraine`s GDP contracted by 10% in 2015, and has maintained its forecast for GDP growth in Ukraine in 2016 at 1%, said Qimiao Fan, World Bank Country Director for Belarus, Moldova, and Ukraine, during the presentation of a new economic review and macroeconomic forecast for Ukraine.He also noted that the...

After ten years of waiting, Tesla has revealed the Model 3, the vehicle that CEO Elon Musk hopes will take the electric car to the masses, The Verge reported.At the unveiling of the Model 3 on Thursday at the company`s design studio in Hawthorne, California, Tesla CEO Elon Musk said the car will deliver at least 215 miles of range beginning at...

As of March 25, the exchange rate of the hryvnia against the U.S. dollar strengthened by 3% compared with the beginning of the month, according to the macroeconomic and monetary review of the National Bank of Ukraine in March, published on its official website.According to the National Bank's estimates, the strengthening of the national...

Oil futures fell in Asian trade on Friday as oversupply, a strengthening dollar and falls in regional stock markets all weighed on sentiment, Reuters reported.But another fall in U.S. oil output in January helped to limit the losses, according to Reuters.Brent crude for June delivery LCOc1 fell 46 cents to $39.87 a barrel as of 0549 GMT. The May...

In response to a governmental embargo on sales of unmanned air vehicles to Ukraine, Israeli manufacturers are trying to rekindle the market as they identify a need for their systems in the region, according to FlightGlobal.The embargo was enforced to satisfy Russian demands but as a result, US manufacturers have succeeded in the market and...

Ukrainian President Petro Poroshenko had a meeting with U.S. Secretary of Commerce Penny Pritzker in the course of his working visit to the United States, the president`s press service reported.The President informed on the course of reforms in Ukraine, which provides new opportunities for the involvement of U.S. investments in the Ukrainian...

Social networking forum reddit on Thursday removed a section from its site used to tacitly inform users it had never received a certain type of U.S. government surveillance request, suggesting the platform is now being asked to hand over customer data under a secretive law enforcement authority, according to Reuters. Reddit deleted a paragraph...

The combined Russian-separatist forces attacked Ukrainian army positions in eastern Ukraine 77 times in the past 24 hours, according to press center of the Anti-Terrorist Operation (ATO).”By focusing mortar and artillery fire on the Ukrainian defenders, the enemy struck 30 powerful blows, using banned heavy weapons from 82mm to 152mm calibers,”...

The National Anti-Corruption Bureau of Ukraine (NABU) Thursday has completed the pre-trial investigation of a case regarding wrongful influence exerted by Executive Director and Acting Deputy Chairman of the Management Board of Naftogaz of Ukraine Andriy Pasishnyk on Ukrainian Minister of Economic Development and Trade Aivaras Abromavicius,...